The top 10 medical device states: Everything you need to know (2024)

FAQs

What are the top states for medical device manufacturing? ›

California is home to more medical device companies than any other U.S. state, with a dense network of high-tech firms and a talented workforce. But some of the most life-saving (as well as most highly regulated) devices have been created in Minnesota.

ISO Standards for Medical Devices. There are several ISO standards for medical devices. The most commonly applied standards are 14971, 10993, 62304, and 13485.

Outside IVD, the expected top 10 device areas by sales in 2024 are: cardiology, diagnostic imaging, orthopedics, ophthalmics, general and plastic surgery, endoscopy, drug delivery, dental, and diabetes care.

Massachusetts, Hawaii, and New Hampshire top the 2023 State Scorecard rankings for health system performance, based on 58 measures of health care access, quality, use of services, costs, health disparities, reproductive care and women's health, and health outcomes.

A new leader sits atop the medtech elite for fiscal year 2022. A new leader sits atop the medtech elite for fiscal year 2022. With $31.27 billion in revenue, Abbott Labs now leads the largest medical device makers in the world. The Illinois-based company overtook previous leader Medtronic by a mere $40 million.

Medtronic's brand is ranked #546 in the list of Global Top 1000 Brands, as rated by customers of Medtronic. Their current market cap is $152.54B. Stryker's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Stryker. Their current market cap is $91.43B.

High-risk medical devices, or class III devices, “sustain or support life, are implanted, or present potential unreasonable risk of illness or injury.”¹ These devices, such as cardiac pacemakers or defibrillators, breast and cochlear implants, and other implanted prosthetic devices, constitute approximately 1% of the ...

Most of FDA's medical device and radiation-emitting product regulations are in Title 21 CFR Parts 800-1299. These final regulations codified in the CFR cover various aspects of design, clinical evaluation, manufacturing, packaging, labeling and post market surveillance of medical devices.

What does ISO mean in medical terms? ›

Iso- = prefix denoting equality, uniformity and similarity. Isotonic = having the same osmolarity or (in physiology) effective osmolarity (taking account of the solute permeability of cell membranes).

The answer to the question, “what country leads the world in medical innovation?” is the United States. Medical industry professionals all over the world would have to agree that the top medical technology currently being used around the world has ties to the U.S.

Montana is the best state for doctors, and it has one of the top hospital systems in the country, with 82.5% of patients giving their hospital a score of 9 or 10 out of 10. Montana doctors also receive high wages.

1. Abbott. Abbott takes the top spot in 2023 as the largest medical devices company in the world.

Outsourcing Your Device Manufacturing

While many companies have looked for alternatives to China in the wake of the trade war, China is still the best option for low-cost manufacturing of complex medical devices. The country boasts a strong domestic supply chain and has a wealth of high-quality contract manufacturers.

Medical technology innovators are committed to providing physicians and other health care providers with the best tools to diagnose and treat patients. This commitment drives over 6,500 medtech companies in the U.S., which are mostly small- and medium-sized enterprises, to create medical miracles every day.